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TERMS AND CONDITIONS <br /> NOW THEREFORE, in consideration of the mutual covenants, warrants and <br /> agreements contained herein, together with other good and valuable consideration, in hand paid, <br /> the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree <br /> as follows: <br /> 1. Recitals. Prairieland and the City hereby covenant, warrant and agree that <br /> the foregoing Recitals are not mere recitals, but rather constitute a material and integral part of <br /> this Agreement, and each covenants further that those recitals applicable to each are true and <br /> accurate. <br /> 2. Prairieland Premises. Throughout the term of this Agreement, Prairieland <br /> shall provide an automobile and vehicle storage lot within the corporate limits of the City ; <br /> capable of storing Two Hundred Fifty (250) vehicles in an arderly and safe manner, as may be I <br /> reasonably approved by the Chief of the Decatur Police Department. Said storage facilities shall <br /> include reasonable security measures, including fencing, lighting and on-duty security personnel <br /> to secure and safeguard all automobiles and vehicles which are the subject of this Agreement on <br /> a twenty-four (24) hour, seven(7) days per week basis. <br /> On the Prairieland premises, Prairieland also shall provide an enclosed, self-contained <br /> temporary evidence stall space, capable of being entirely darkened on request by the Decatur <br /> Police Department. On such evidence bay, Prairieland shall provide an alarm system reasonably <br /> acceptable to the City for purposes of maintaining evidence integrity. At the time of entry into <br /> this Agreement, Prairieland has in place an acceptable alarm system as well as acceptable <br /> fencing, storage lot and evidence storage bay. <br /> Prairieland will not make any changes or alte.rations to the aforementioned evidence bay <br /> or alarm system, and Prairieland will not decrease the quantity or quality of the remaining <br /> characteristics described within this section, without approval and acceptance by the City. <br /> 3. Insurance and Bond Requirements. (a) Prairieland has provided or shall <br /> provide to the City a performance bond issued by a reputable issuer in an amount not less than <br /> Five Thousand Dollars ($5,000.00), which shall remain in full force and effect throughout the <br /> term of this Agreement. <br /> (b) Prairieland shall obtain and maintain, throughout the term hereof, policies of <br /> insurance, with each described policy including the City as an additional insured as follows: (i) a <br /> general liability insurance policy with a single combined limit, including bodily injury and <br /> property damage, in an amount not less than Five Hundred Thousand Dollars ($500,000.00) for <br /> each occurrence, One Million Dollars ($1,000,000.00) aggregate; (ii) an automobile liability <br /> insurance policy for any automobile with a combined single limit, including bodily injury and <br /> property damage, in an amount not less than Five Hundred Thousand Dollars ($500,000.00) for <br /> each occurrence, One Million Dollars ($1,000,000.00) aggregate; and (iii) a garage keepers legal <br /> —2— <br />